Bet Shemesh Engines, managed by the Pimi Fund, is expected to generate a capital gain of $125 million before taxes. This is for vacant land totaling an area of 15 hectacres.
"We have invested tens of millions of shekels in developing projects in the city, we have never been given the feeling of entrepreneurs being welcome," the Real Estate group said.
The Port Tower Hotel will be Isrotel’s first to open in 2022 in Tel Aviv.
Joint initiative will include exclusive travel packages, direct flights, and transport to Brown Hotels
Innovative model focusing on community building is designed to be replicated across the continent and beyond.
“We look forward to putting these resources to work in support of the next generation of critical discoveries,” said Dan Belldegrun, Breakthrough Properties CEO.
Kozahinof chose two words to sum up the luxurious lifestyle offered by the Beresheet Tower: Uncompromised living.
The court’s decision thus ended 20 years of neglect and ugliness, enabling the city to issue a tender for a new hotel to be built on the premises.
The company intends to broaden its range of activity to cities throughout the US.